I am getting a mortgage with Nat West. I intend to enlist the help of a Licensed Conveyancer in Cromer. Does the Nat West Conveyancing panel allow for Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Why do I have to pay up front for conveyancing in Cromer?
If you are buying a property in Cromer your solicitor will ask you put them with monies to cover the the cost of the conveyancing searches. Ordinarily this is called for to cover the fees of the conveyancing searches. When the deposit is payable against the sale price then this will be required shortly in advance of exchange of contracts. Any further balance that is needed will be payable shortly before completion.
Are there restrictive covenants that are commonly identified during conveyancing in Cromer?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Cromer. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
In what way does the Landlord & Tenant Act 1954 impact my commercial property in Cromer and how can your lawyers assist?
The 1954 Act affords protection to commercial leaseholders, granting the right to apply to court for a new tenancy and remain in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Cromer
What advice can you give us when it comes to choosing a Cromer conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Cromer conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with two or three firms including non Cromer conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
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What are the costs for lease extension conveyancing? How familiar is the firm with lease extension legislation?
Cromer Leasehold Conveyancing - Examples of Questions you should consider before Purchasing
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How much is the annual maintenance fee and ground rent? Best to be warned if window replacement or some other major work is due shortly to be shared by the leasehold owners and could well dramatically increase the the maintenance charges or result in a one time payment. The best form of lease arrangement is if the freehold interest is in the ownership of the leaseholders. In this situation the lessees enjoy being in charge if their destiny and notwithstanding that a managing agent is usually employed where it is larger than a house conversion, the managing agent is directed by the tenants.
Me and my husband have just had an offer accepted on a flat and had an appointment on Monday with Nationwide for the mortgage. They warned me that when it comes to selecting a conveyancer that if they are not on their approved list of property lawyers then we will incur an extra fee of about two hundred pounds. This is because they will then have to select a solicitor to act for them as well as the one we appoint on our behalf and we assume responsibility for their costs. I have requested Nationwide to furnish me with a list so I can seek quotes only from their approved lawyers but was told that I need to check with each individual lawyer to see if they are on the panel. Is there a list online?
You should ask Nationwide what their criteria for panel membership is for a conveyancer.Thereafter ask the solicitor of your choice whether they fit that criteria and have they acted on mortgages for Nationwide previously. If the answer to those is yes, then just double check with Nationwide. Another option is to make use of our search facility and we may be able to identify a conveyancer in Cromer on the approved list for Nationwide.